Quote:
Originally Posted by simmer2
O & G companies are the culprits in rising labour costs...they are so inefficient and make so much profit they can throw dollars at more people instead of trying to make their companies more efficient. What this does is all the small businesses then either need to charge the same rate and kill all hopes of profit or hope their employees won't leave for higher paying work.
And the fact is,the market dictates prices so it isn't like companies can hire at an increased wage and then increase prices...we would get slaughtered by Out of Province businesses.
O & G is also the reason the economy is strong in Alberta so it is a Catch 22.
Hence why Immigration Laws need to relax...too tough to find local ppl willing to work at less than inflated prices due to O & G.
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This scenario is part and parcel of an "all eggs in one basket" syndrome. Everyone banks on a strong O and G economy here, but only the strongest survive and thrive. It's tough to convince skilled workers to come to Calgary if it isn't connected in some fashion to O and G. For example in my industry, many skilled IT folks come out because of the chance to work on O and G client projects, with the intentions of hopefully working for them someday. I'd say it happens regularly where contractors of a particular trade/skill simply want in the industry, not necessarily a particular job.